Europe Third Party Logistics (3PL) Market Size- By Source, By Crop Type, By Form- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
Europe Third Party Logistics (3PL) Market Introduction and Overview \
According to SPER market research, ‘Europe Third Party Logistics (3PL) Market Size – By Transportation, By Services – Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ state that the Europe Freight And Logistics Market is predicted to reach USD 156.86 billion by 2033 with a CAGR of 5.28%.
A third-party logistics (3PL) is a partner or service that assists manufacturers, especially e-commerce retailers, in outsourcing their logistics and distribution-related work. Specialized services including product packing, door-to-door delivery, inventory control, and cross-docking are offered by a third-party logistics company. In light of this, organizations are able to guarantee scalability, lower the risk of product damage, promote corporate growth and market expansion, and complete essential business procedures in addition to helping customers have a better experience.
The COVID-19 epidemic has had a substantial impact on the Third Party Logistics (3PL) market in Europe, posing both opportunities and problems for the industry. Initially, travel bans and lockdowns disrupted international supply chains abruptly, which decreased the demand for logistics services. In order to fulfill online orders, businesses had to adjust to the new normal, which included a noticeable shift towards e-commerce and an increasing focus on effective logistical operations.
Scope of the Report:Report Metric Details
Market size available for years 2020-2033
Base year considered 2023
Forecast period 2024-2033
Segments covered By Transportation, By Services
Regions covered Germany, France, Italy, Spain, UK, Rest of Europe
Companies CoveredFedEx Corp, Imperial Logistics Ltd, Baltic Logistics Solutions, Deutsche DHL Group, ACP Freight Services, Ital Logistics Ltd, and Jordon Freight Ltd.
Europe Retail Logistics Market Segmentation
By Transportation:Based on the Transportation, Europe Third Party Logistics (3PL) Market is segmented as; Roadways, Waterways, Railways, Airways.
By Services:Based on the Services, Europe Third Party Logistics (3PL) Market is segmented as; Cereal & Grain, Oilseed & Pulse, Fruits & Vegetables, Others.
By Region:This research also includes data for Germany, France, Italy, Spain, UK, Rest of Europe.